Xinye Textile Receives About Ten Million Yuan Of Pportation Subsidy.

< p > < strong > performance leading industry < /strong > < /p >

< p > the textile industry is generally weak. However, Xinye textile, which is engaged in the production and sale of medium and high grade textile products, has changed its performance last year.

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< p > in recent years, along with the slow market demand at home and abroad, the cotton textile industry is facing a grim situation, with the product < a href= "http://www.91se91.com/news/index_cj.asp" > Sales atrophy < /a >, the enterprise operation is difficult.

There are many listed companies in the industry and even spin off the textile business directly.

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< p > 2012, the performance of Xinye textile industry has declined due to the environment of the industry.

Earnings data show that in 2012, Xinye textile business income was 3 billion 158 million yuan, a slight increase of 6.26% over the same period last year, the net profit attributable to shareholders of listed companies was 79 million 766 thousand and 500 yuan, compared with last year, the decline rate reached 22.23%.

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< p > this year, Xinye textile seems to be the first to get out of the industry dilemma, < a href= "http://www.91se91.com/news/index_q.asp" > its performance has increased substantially < /a >.

In the first half of this year, the company achieved an operating income of 1 billion 581 million yuan, a slight increase of 3.69% over the same period last year, and a net profit of 47 million 139 thousand and 400 yuan, an increase of 14.17% over the same period last year.

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In the three quarter of P, the company's growth rate accelerated, operating income reached 803 million yuan, an increase of 8.77% over the same period last year, and net profit was 16 million 209 thousand and 800 yuan, up 40.03% from the same period last year.

In the first three quarters of this year, the company achieved a net profit of 63 million 349 thousand and 200 yuan, an increase of 19.83% over the same period last year.

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< p > Xinye textile forecast said that the net profit realized in 2013 was between 79 million 770 thousand yuan and 95 million 720 thousand yuan, with a range of 0% to 20%.

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< p > benefit from the high growth of performance. By the end of the three quarter, Xinye textile business income ranked eighth in the 44 listed companies in the textile industry.

In the textile industry's average profit decline of 26.04%, the company's net profit increased by 19.83% over the same period last year.

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< p > for this reason, the company believes that the domestic and foreign cotton "a href=" http://www.91se91.com/news/index_cj.asp "> price inversion" /a "and labor costs rise and other factors, the overall situation of cotton textile industry in 2013 is still not optimistic, the cost of production and operation of enterprises has been rising, and the operating risk has always been at a high level. However, around the market demand, the company constantly optimizes and improves the product structure, and always maintains full load production to ensure the smooth operation of the enterprise.

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< p > < strong > "fill" half of the river < /strong > /p >

< p > reporter's inspection of the financial statements of Xinye textile found that the company's performance growth was not as stated in the announcement. It mainly relied on the main business income. In fact, most of the company's performance in 2013 depended on the government's "supplement".

Starting from the first quarter of this year, the total amount of subsidy < a href= "http://www.91se91.com/news/index_cj.asp" > /a > received by Xinye textile has reached 42 million 508 thousand and 500 yuan.

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< p > January 11th, the Xinye textile announcement said that the company received the subsidy of 2011 yuan for the moving out of the cotton warehouse in the year of 20 million 890 thousand and 500 yuan, accounting for the "extra income" subject, which increased the company's first quarter profit in 2013.

In the first quarter of this year, the total net profit of Xinye's textile industry was only 26 million 694 thousand and 400 yuan.

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< p > August 22nd, Xinye textile said that because the company was listed as "a href=" http://www.91se91.com/news/index_c.asp "national special needs commodity" /a "designated manufacturing enterprise, it continued to enjoy the preferential loan interest rate policy of 2.88 percentage points of the national normal rate of liquidity loan for private enterprises, which is lower than the benchmark profit rate of one year loan.

Recently, the first quarter of 2013, which was allocated by the government, has a total of 7 million 516 thousand and 300 yuan of loan interest spread subsidy, which is included in the company's "extra business income" subject.

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< p > December 5th, Xinye textile announcement said that the Xinjiang subsidiary of the wholly owned subsidiary of Xinjiang textile industry received a total of 6 million 247 thousand and 400 yuan of water and electricity subsidies allocated by the alar Industrial Park Management Committee.

The grant will be recognized as non operating income.

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< p > plus, in December 24th, the company received 14 million 942 thousand and 300 yuan from the Xinjiang autonomous region finance department, and the company achieved a profit of 42 million 508 thousand and 500 yuan only from the "extra income" this year.

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< p > "the performance growth of the a href=" http://www.91se91.com/news/index_c.asp "> Xinye textile < /a > is also in the low growth market faced by the industry.

Citic securities industry analyst told reporters that the textile industry is a low threshold industry, the market is already saturated, the market competition is fierce, and the earnings of enterprises are generally at a low level.

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